Integrated Environmental Tech. (fka IEVM)

[markt1983]

Nothing yet, but definitely looking for more news soon. Lavance detailed on the call the number of wells he expects from each source between now and year end.

The numbers were very conservative and he also stated that EP has a much higher number in mind. I suspect that EP is looking at moving over existing wells as well as giving us their newer wells.

News like that coming out could definitely give us a major shot in the arm to our PPS instantly.

I looked into what would stop a producer from doing such a thing and what the time horizons were and there is a lot of red tape. Aside from the relationship risk with an existing supplier (jumping ship on one region or basin could cause tension or risk on another where IEVM cannot service the producer), there is also different types of insurances and regulation approvals the producers must obtain to switch to our products.

For these reasons once we receive a verbal commitment it can take anywhere from 90-180 days to complete the MSA.

We have seen this time speed up recently to be near 120 days from what I have heard, but this has definitely been one obstacle for our rapid expansion!